The Sindh Cabinet has approved the implementation of the Defined Contribution Pension Scheme 2024, which will impact recruits in the provincial government.
Under this scheme, employees joining after its implementation will not receive pensions or gratuities upon retirement.
According to the new scheme, employees will contribute 10% of their salary to the Defined Contribution Pension Scheme, while the government will add 12%. These contributions will be credited to the employees’ accounts.
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Additionally, the Sindh Cabinet, under the chairmanship of Chief Minister Murad Ali Shah, approved the release of Rs430 million for the restoration of the RO plant in Islamkot and for the establishment of a Pakistan Navy Cadet College in District Dadu.
Further decisions included:
- Imposing a 7-year prison term and a Rs500,000 fine for cultivating prohibited crops linked to narcotics.
- Legislation against bottom trawling in creeks and provincial maritime boundaries.
- Issuing the Benazir Harri Card initially to landholders with 25 acres of land.
- Imposing a 7-year prison term and a 1 million rupee fine for possession of narcotics.
